The Federal Ministry of Finance has emphasized the need for strategic resource allocation and prudent management to drive Nigeria’s development priorities and enhance economic prosperity.
According to the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, the 2025 budget has been carefully designed to align with national priorities, focusing on economic development, infrastructure enhancement, and sustainable fiscal practices.
Dr. Uzoka-Anite, who represented the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, highlighted the Ministry’s critical role in shaping fiscal policies and fostering economic growth.
She reaffirmed the Ministry’s dedication to building a stable, resilient, and thriving economy in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.
The Permanent Secretary of the Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya, presented a summary of the budget performance for 2024, noting that the Ministry’s 2024 budget had been largely utilized on overheads, personnel expenses, and limited capital projects.
The proposed 2025 budget includes provisions to address pressing needs, including essential upgrades to the Ministry’s Headquarters.
The Committee’s Chairman, Honourable James Faleke, commended the Ministry’s team for their presentation and assured them that the Committee would carefully review the proposal and communicate its decisions in due course.
The session concluded with an acknowledgment of the Ministry’s pivotal role in driving fiscal stability and sustainable development for Nigeria’s future.
